Mixed-Use Building with Four
For Sale
$875,000
17 W Main St, Lansdale, PA 19446
Fully occupied property combining two apartments with two ground-level commercial spaces and separate electric metering.
Property Size6,232 SF
Price / SF$140.40
Days on Market61
Property Features for 17 W Main St
General Information
Standard status
Active
Size
6,232 SF
Total Parking Spaces
8
Property subtype
Commercial
Occupancy
100%
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 3BR/1.5BA, 1 x 2BR/2BA
Multifamily Units
2
Amenities
in-unit washer and dryer
Building Details
Year Built
1900
Tenancy
Multi
Listing Agency:
Keller Williams Real Estate - West Chester
Listed By:
Richard DiPrimio · License #RS338327
(484) 947-8988
Source:
Baltimoreharfordhomesforsale
Added: Sep 1
Changed: Oct 25
Last Checked: Oct 30 at 3:01PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Real Estate - West Chester
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Investment Insights
Based on property information with market context.
This 6,232-square-foot mixed-use building contains four occupied units: two residential apartments above two ground-level commercial spaces. One apartment measures 1,200 sqft and includes three bedrooms and 1.5 bathrooms; the second is approximately 1,300 sqft with two bedrooms and two bathrooms. Both apartments have in-unit washers and dryers. The commercial component includes a 2,850 sqft consignment store with a half bathroom and a 700 sqft spa.
Each unit has its own electric meter. Property improvements include a roof installed in 2022 and new heating systems in the consignment store and both apartments completed during 2024-2025. The property also provides 8 off-street parking spaces and sits directly next to the Lansdale train station, with restaurants and shopping nearby.
Each unit has its own electric meter. Property improvements include a roof installed in 2022 and new heating systems in the consignment store and both apartments completed during 2024-2025. The property also provides 8 off-street parking spaces and sits directly next to the Lansdale train station, with restaurants and shopping nearby.
Key Highlights
- 6,232‑square‑foot mixed‑use building with 2 apartments and 2 ground‑level commercial spaces
- Residential units measure 1,200 sqft and approximately 1,300 sqft, with 3 bedrooms and 2 bedrooms, respectively
- Commercial component includes a 2,850 sqft consignment store and a 700 sqft spa
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$75,225
Cap Rate
8.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,504,500
$1.5M
Cap Rate 7%
$1,074,643
$1.1M
Cap Rate 9%
$835,833
$835.8K
Market Conditions
NOI Build-Up for 6,232 SF
Gross rent
$112.2K $18.00/SF
− Vacancy
−$4.7K −$0.76/SF
EGI
$107.5K $17.24/SF
− OpEx
−$32.2K −$5.17/SF
NOI
$75.2K $12.07/SF
Area
Montgomery County, PA
Vacancy
4.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,504,500
Cap Rate 7%
$1,074,643
Cap Rate 9%
$835,833
Alternative Uses
Best Use
Apartment 5plus
$1.20M
$1.05M – $1.40M
NOI $84,196 @ 7.0% cap · market cap 9.62%
Second Best
Retail
$1.07M
$940.3K – $1.25M
NOI $75,225 @ 7.0% cap · market cap 8.60%
Theoretical Best
Specialty Retail
$3.58M
$3.14M – $4.18M
NOI $250,930 @ 7.0% cap · market cap 28.68%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,489
Businesses Nearby
Explore this area
Business Placement
Demographics for 19446, PA
58,930
Population
24,983
Households
2.4
Avg Household Size
44
Median Age
51%
College-Educated
93%
High-School Grad
22.6 sq mi
ZIP Area
2,608
Density / Sq Mi
$103,875
Median Household Income
$60,396
Median Earnings
$1,738
Median Rent
$415,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully occupied property combining two apartments with two ground-level commercial spaces and separate electric metering.
Where is this mixed-use property located?
The property is located at 17 W Main St Lansdale, PA.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: 6,232‑square‑foot mixed‑use building with 2 apartments and 2 ground‑level commercial spaces; Residential units measure 1,200 sqft and approximately 1,300 sqft, with 3 bedrooms and 2 bedrooms, respectively; Commercial component includes a 2,850 sqft consignment store and a 700 sqft spa
